Joe Margolis, CEO of Extra Space Storage (NYSE: EXR), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Margolis described the acquisition market as “challenging” due to the variety of capital chasing exposure to self-storage. Extra Space, however, has many sources of proprietary or quasi-proprietary acquisition pipelines, allowing the REIT to acquire about $600 million net in assets this year. “We’re happy with that level,” he said.
from News https://www.reit.com/news/videos/extra-space-storage-happy-deal-level-tough-market
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